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20121101
20121130
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CNBC 11
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CNBC
Nov 5, 2012 3:00pm EST
surprise for mr. romney. if that's the case -- >> you think romney wins -- >> i do. >> -- that will be a surprise and this market rallies on that win? >> i think the market rallies big. there will be a lot of money in motion. people will be moving on with decision-making. there's trillions of dollars just waiting for confirmation for a new course. >> todd, what do you think's going on right now? what do you think is going to happen tomorrow? >> well, you know, just -- i'm just going off historic returns. when a democrat wins market goes down, average 9.3%. if a republican wins they'll greet the market with buying. and that's usually the day after. but as far as next two days, i think we're going to see very similar tape that we've seen today. the good news is, i think we get beyond that uncertainty. the week of election usually shows positive returns overall regardless if it's a democrat or republican that wins. and then we go on to a very favorable seasonal period for the market, the month of november, december. >> of course, triggers all sorts of buying with the h
CNBC
Nov 6, 2012 3:00pm EST
romney victory. if you believe what most commodities are pointing to, it could be a re-election for the president. one thing is for sure. someone will be elected tonight or even tomorrow if it's a photo finish. >> absolutely. let's look at big rally here. the dow holding on to a triple-digit gain throughout the session today. we're off the best levels of the session. nonetheless, up 143 points on the industrial average. that's better than 1%. a similar move for the nasdaq. 12 points higher, again off the best levels of 1311. the s&p 500 currently showing a gain of nearly 1%, about 12 points higher. so what are the markets hinting about tonight's presidential results? let's get some opinions on that. >> yes, let's do that in the "closing bell exchange." joe, what do you think? can we read anything into today's market action based on what's strong or what's weak or whatever? >> not so much. heading into the election, if you just look at the polls, it seemed pretty clear both candidates are really neck and neck. i think part of the rally you're seeing right now is just a r
CNBC
Nov 13, 2012 3:00pm EST
offer. >>> welcome back. mitt romney may have lost the presidential election, but some democrats are warming to one of his key tax reform proposals. remember this? >> everybody gets -- i'll pick a number -- $25,000 in e ductided and credits. you can decide which ones to use. home mortgage interest deduction, childcare tax credit and so forth. you can use those in filling that bucket of deduction. >> robert frank looks at how a deduction bucket impact everything. >> the gop doesn't want to raise tax rates. many on both sides are now talking about cutting or limiting deductions to raise revenue. that would appease both parties. some argue that this would be a gift to the wealthy, but in fact, millionaires would bear the brunt of any cut in deductions. let's look at the tax policy center. if deduction were capped at $25,000, people making $1 million or more would see a tax increase of more than $97,000. this group would could for more than 45% of that tax change. people making more than $200,000 a year would account for more than 70% of that change. the middle class, well, they woul
CNBC
Nov 7, 2012 3:00pm EST
action today -- the coal stocks, which have been up on hopes of a romney victory, are down sharply today. health care, which was down, perhaps because of a romney victory, is higher today. we are seeing a reaction to the election, aren't we? >> of course you are. that's exactly what i predicted. listen, america is now facing austerity. it was europe's turn. now it's america's turn. austerity is very deflationary and very depressionary. there will be a recession in 2013. china has yet to bottom. we will have a recession now. >> so what are you going to do within your portfolio? >> listen, we are now selling defense. we're selling dividends. we're selling cyclical stocks. we're raising cash. we believe that you should not play russian roulette with your investments. you have to be careful here. when we get resolution on the fiscal cliff, and i'm sure there will be very early in 2013, then we'll go back into the market heavily. not until then. >> okay. jeff, in the meantime, you believe with obama remaining in position that ben bernanke's job is safe for the foreseeable future and that is i
CNBC
Nov 2, 2012 3:00pm EDT
to work right new. because of this election, if we see romney elected, we'll see oil prices drop. you'll see energy prices drop. that might be a buying opportunity at that point. other than that, i really believe we have to just take a look and see attitude right now. >> well, one of our guests, a regular on this program, had a great idea. he said to me, maybe for one month the fed instead of putting that $40 billion of mortgage-backed securities buying, put that on hold and send it to some of the ravaged areas like staten island, like new jersey. >> i love it. i absolutely love that idea. >> i do too. >> then the fed's crossing the line into fiscal policy and out of the realm of monetary policy. >> where are we going to get it? >> fema responds rather adroitly to -- katrina notwithstanding, to these disasters. i suspect they're going to be quite responsive right now for those who have been displaced, who have lost family members, who don't have homes. i think there will be a rapid response from the federal government. >> i'm just saying, we could use that money in other areas right n
CNBC
Nov 30, 2012 3:00pm EST
to succeed tim geithner as treasury secretary wasn't getting long enough, now you have mitt romney's name thrown into the ring. >> ben white joins us now to talk more about that. ben, you admit it's unlikely, but you think this would work. talk to us about it. >> it's a little unlikely. good to be with you. thank you. you look at the two things, the biggest knocks on the obama administration in the first term were they didn't have a businessman with any business experience in any senior role, and they had terrible relations with republicans on capitol hill. no businessman, no bipartisanship. romney gives you both of those. he's a guy that gets along with republicans. he could make a deal on entitlements, tax reform. and he gets you a lot of business experience. i first said it as a joke, then i thought it makes sense. a lot of people agreed with that. >> certainly the president wants to reach across the aisle, you know, once in a while and have republicans do that. usually a businessman goes to commerce secretary. >> often, but it's a back water agency. if you have someone with a really p
CNBC
Nov 1, 2012 3:00pm EDT
's also what mitt romney's going to speak about at every one of his campaign stops. >> that is the big number there. gary, at this point, we're still in earnings season. many companies had to delay their earnings reports. we have to get out of this crisis mode here. are you surprised we're rallying even though the markets still face a lot of uncertainties? >> no, bill, i'm really not that surprised. we've had a decent selloff in the market. the s&p 500 is off about 4% or 5% from its peak in mid-september. you know, now we're getting about 100 basis points back here. the technology sector was up almost 10%. it's having a nice bounceback as well. so i'm not too surprised. there is a technical effect going on here with this rally. >> all right. thank you, both, for joining us today and your thoughts on today's market. appreciate it very much. so on the heels of sandy, finding gasoline is becoming harder and harder in the metropolitan area surrounding new york city. it's becoming a major headache for many commuters in one of the most densely populated areas of the country. mary thompson at
CNBC
Nov 9, 2012 3:00pm EST
that our sales will cease to continue. >> by the way, would everybody have gotten a raise if romney were elected this week? >> everyone would have gotten a raise regardless of who was elected. two weeks ago i called my entire staff together. i said, i want to double sales this coming year, figure out how we can do it. i still plan to have that same target of doubling sales. however, i am not going to take the risk that is necessary to do it, but i'm going to keep our goals -- i'm going to try to turn lemons into lemonade. hopefully i'll be successful in doing it. >> all right. good luck with the lemonade. >> great to have you. thanks so much, david. >> thank you, robert, as well. >> see you soon. we just got about ten minutes before the closing bell sounds for the day. we have a market fractionally higher, well off the highs. nasdaq doing well, up about 14 points. >> what to do with this market? should you sit on the sidelines until the fiscal cliff is fixed or are there real bargains to be had right now? sill vir lakes managing partner is next, and he does see some opportunities. >> we'
CNBC
Nov 12, 2012 3:00pm EST
. people buying into a romney victory and then didn't happen that way. what are we looking for in the short term? new york area we're keeping an eye on the energy stocks and looking at some utilities and, of course, insurance, reinsurers, everything related to the hurricane. overall we think it seems to us it's maybe been a little overdone, this pullback, we'll find a level and eke out toward the end of the year. we've had performance squeezes, short squeezes. we think that will be the trend here. we may have found a bottom and we'll start to find lower levels to support us -- i mean, higher levels to support us as we get to the end of the year. >> in terms of tax selling, where would you expect it to come from year end? the technology, low-hanging fruit? >> it could be some. big winners, technology, pharmaceutica pharmaceuticals, some industrials that have done well. it's going to be more large cap base. as i said earlier, that selling is an opportunity for an investor with three to five-year horizon. >> because the corporate sector is quite strong. >> energy is -- we're going to be an ene
CNBC
Nov 15, 2012 3:00pm EST
of the hedge fund managers really believe that romney was going to win. they were surprised by his loss. they came in and hit the market. of course they're nervous about europe blowing up again and the fiscal cliff and whatnot. the individual investor has to be weary because institutional traders make the money on the nervousness of individual investors. we say invest for need, not for greed. the individual investor has to be careful not to overreact. that's what the institutions want. that's why you see so much volume at the beginning and end of the day. it's important to not overreact, look for opportunities. too many people, individuals, are throughout trying to beat the market when they shouldn't be. they really just look for what they need to do, be it inflation, taxes, look for income and dividends. if they go with what they need, they'll be in much better shape. >> i guess i'm just wondering if we're going to be able to get into this market at much lower levels. jeff cox, i mentioned the $750 billion in loss. that's just the u.s. when you add in global markets, according to rich
CNBC
Nov 16, 2012 3:00pm EST
are cloforcing it close its doors. the union blames romney. really? the throwdown is coming up. >>> as we head toward the close, it looks like famous last words. volatility may be settling down a bit. the dow was up more than 40 points a moment ago. now up 29. volume surely will spike here on the close because it is expiration day on wall street. a lot of options and futures are expiring right now. so everybody from washington to wall street is talking about fixing the debt. here's what alan simpson of the simpson/bowles commission told maria on the program yesterday. listen to this. >> the big bang theory of the universe was 13,600,000,000 years ago. that ain't even close to 1 trillion, and we owe 16 of those babies. >> we don't want to lose sight of what the debt is. just remember, it is $16 trillion. what can you get for that? >> indeed, what can you get for $16 trillion, besides a swift kick towards the fiscal cliff? why not buy apple, exxon, walmart, google, and ibm all of them combined. >> not just as a group, but eight times as a group. you could buy 30.4 billion shares of apple today.
Search Results 0 to 10 of about 11